Alphabet Total Assets vs Asset Turnover Analysis

GOOG Stock

USD 155.72 1.74 1.11%

Alphabet financial indicator trend analysis is way more than just evaluating Alphabet Class C prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alphabet Class C is a good investment. Please check the relationship between Alphabet Total Assets and its Asset Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alphabet Inc Class C. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

Total Assets vs Asset Turnover

Total Assets vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alphabet Class C Total Assets account and Asset Turnover. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Alphabet's Total Assets and Asset Turnover is 0.92. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Alphabet Inc Class C, assuming nothing else is changed. The correlation between historical values of Alphabet's Total Assets and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Alphabet Inc Class C are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Assets i.e., Alphabet's Total Assets and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Assets

Total assets refers to the total amount of Alphabet assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Alphabet Class C books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from Alphabet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alphabet Class C current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alphabet Inc Class C. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

At this time, Alphabet's Enterprise Value is most likely to increase significantly in the upcoming years.

	2021	2022	2023	2024 (projected)
Gross Profit	146.7B	156.6B	174.1B	182.8B
Total Revenue	257.6B	282.8B	307.4B	322.8B

Gross Profit Total Revenue

Alphabet fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		1.0	0.69	0.45	0.69	0.99	0.93	0.95	0.98	0.98	0.97	0.68	1.0	0.97	0.67	0.98	0.87	0.76	0.99	0.99	0.74	0.97	0.91	0.98	0.97	0.04
Total Stockholder Equity	1.0		0.69	0.5	0.68	0.97	0.9	0.94	0.97	0.97	0.96	0.64	1.0	0.96	0.68	0.97	0.87	0.78	0.98	0.99	0.76	0.95	0.9	0.96	0.97	0.06
Other Assets	0.69	0.69		0.24	0.96	0.7	0.7	0.73	0.76	0.76	0.79	0.53	0.67	0.67	0.39	0.78	0.87	0.19	0.74	0.75	0.15	0.56	0.85	0.76	0.53	0.02
Common Stock Shares Outstanding	0.45	0.5	0.24		0.06	0.35	0.25	0.28	0.33	0.31	0.33	-0.23	0.48	0.41	0.62	0.34	0.3	0.6	0.37	0.5	0.57	0.37	0.34	0.28	0.58	0.23
Other Stockholder Equity	0.69	0.68	0.96	0.06		0.72	0.73	0.75	0.78	0.78	0.81	0.67	0.67	0.66	0.27	0.8	0.89	0.13	0.76	0.73	0.1	0.58	0.87	0.79	0.5	-0.03
Total Liab	0.99	0.97	0.7	0.35	0.72		0.96	0.97	0.99	0.99	0.98	0.76	0.97	0.97	0.65	0.99	0.88	0.72	0.99	0.97	0.69	0.98	0.9	0.99	0.94	0.0
Short Long Term Debt Total	0.93	0.9	0.7	0.25	0.73	0.96		0.96	0.96	0.95	0.95	0.82	0.89	0.9	0.65	0.95	0.86	0.61	0.95	0.91	0.57	0.93	0.88	0.95	0.84	-0.1
Other Current Liab	0.95	0.94	0.73	0.28	0.75	0.97	0.96		0.98	0.98	0.96	0.75	0.93	0.95	0.63	0.98	0.9	0.61	0.97	0.94	0.57	0.92	0.93	0.97	0.87	-0.2
Total Current Liabilities	0.98	0.97	0.76	0.33	0.78	0.99	0.96	0.98		1.0	0.99	0.75	0.96	0.97	0.63	1.0	0.92	0.65	0.99	0.97	0.62	0.95	0.94	0.99	0.91	-0.03
Property Plant And Equipment Net	0.98	0.97	0.76	0.31	0.78	0.99	0.95	0.98	1.0		0.98	0.77	0.97	0.96	0.59	1.0	0.91	0.65	0.99	0.97	0.63	0.94	0.94	1.0	0.91	-0.03
Current Deferred Revenue	0.97	0.96	0.79	0.33	0.81	0.98	0.95	0.96	0.99	0.98		0.76	0.95	0.94	0.6	0.99	0.92	0.62	0.99	0.97	0.6	0.93	0.94	0.99	0.89	0.01
Net Debt	0.68	0.64	0.53	-0.23	0.67	0.76	0.82	0.75	0.75	0.77	0.76		0.64	0.64	0.16	0.75	0.65	0.3	0.74	0.63	0.31	0.74	0.67	0.79	0.54	-0.06
Retained Earnings	1.0	1.0	0.67	0.48	0.67	0.97	0.89	0.93	0.96	0.97	0.95	0.64		0.96	0.67	0.97	0.86	0.78	0.98	0.99	0.77	0.95	0.9	0.96	0.97	0.05
Accounts Payable	0.97	0.96	0.67	0.41	0.66	0.97	0.9	0.95	0.97	0.96	0.94	0.64	0.96		0.65	0.96	0.86	0.71	0.97	0.96	0.69	0.93	0.89	0.96	0.93	0.02
Cash	0.67	0.68	0.39	0.62	0.27	0.65	0.65	0.63	0.63	0.59	0.6	0.16	0.67	0.65		0.61	0.51	0.78	0.62	0.67	0.7	0.67	0.52	0.57	0.73	-0.1
Non Current Assets Total	0.98	0.97	0.78	0.34	0.8	0.99	0.95	0.98	1.0	1.0	0.99	0.75	0.97	0.96	0.61		0.93	0.64	1.0	0.98	0.62	0.93	0.95	1.0	0.9	-0.01
Non Currrent Assets Other	0.87	0.87	0.87	0.3	0.89	0.88	0.86	0.9	0.92	0.91	0.92	0.65	0.86	0.86	0.51	0.93		0.41	0.92	0.9	0.37	0.77	0.98	0.9	0.75	0.04
Cash And Short Term Investments	0.76	0.78	0.19	0.6	0.13	0.72	0.61	0.61	0.65	0.65	0.62	0.3	0.78	0.71	0.78	0.64	0.41		0.68	0.73	0.99	0.81	0.47	0.64	0.89	0.15
Net Receivables	0.99	0.98	0.74	0.37	0.76	0.99	0.95	0.97	0.99	0.99	0.99	0.74	0.98	0.97	0.62	1.0	0.92	0.68		0.98	0.66	0.95	0.94	0.99	0.93	0.02
Common Stock Total Equity	0.99	0.99	0.75	0.5	0.73	0.97	0.91	0.94	0.97	0.97	0.97	0.63	0.99	0.96	0.67	0.98	0.9	0.73	0.98		0.7	0.93	0.93	0.97	0.95	0.06
Short Term Investments	0.74	0.76	0.15	0.57	0.1	0.69	0.57	0.57	0.62	0.63	0.6	0.31	0.77	0.69	0.7	0.62	0.37	0.99	0.66	0.7		0.79	0.44	0.62	0.87	0.19
Non Current Liabilities Total	0.97	0.95	0.56	0.37	0.58	0.98	0.93	0.92	0.95	0.94	0.93	0.74	0.95	0.93	0.67	0.93	0.77	0.81	0.95	0.93	0.79		0.8	0.94	0.96	0.05
Other Current Assets	0.91	0.9	0.85	0.34	0.87	0.9	0.88	0.93	0.94	0.94	0.94	0.67	0.9	0.89	0.52	0.95	0.98	0.47	0.94	0.93	0.44	0.8		0.94	0.8	-0.04
Property Plant And Equipment Gross	0.98	0.96	0.76	0.28	0.79	0.99	0.95	0.97	0.99	1.0	0.99	0.79	0.96	0.96	0.57	1.0	0.9	0.64	0.99	0.97	0.62	0.94	0.94		0.9	-0.02
Total Current Assets	0.97	0.97	0.53	0.58	0.5	0.94	0.84	0.87	0.91	0.91	0.89	0.54	0.97	0.93	0.73	0.9	0.75	0.89	0.93	0.95	0.87	0.96	0.8	0.9		0.11
Short Term Debt	0.04	0.06	0.02	0.23	-0.03	0.0	-0.1	-0.2	-0.03	-0.03	0.01	-0.06	0.05	0.02	-0.1	-0.01	0.04	0.15	0.02	0.06	0.19	0.05	-0.04	-0.02	0.11

Click cells to compare fundamentals

Alphabet Account Relationship Matchups

Alphabet fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	275.9B	319.6B	359.3B	365.3B	402.4B	422.5B
Total Stockholder Equity	201.4B	222.5B	251.6B	256.1B	283.4B	297.5B
Other Assets	3.1B	5.0B	1M	11.9B	13.7B	14.3B
Common Stock Shares Outstanding	14.0B	13.7B	13.6B	13.2B	12.7B	14.3B
Liabilities And Stockholders Equity	275.9B	319.6B	359.3B	365.3B	402.4B	422.5B
Other Stockholder Equity	(1.2B)	633M	(1.6B)	68.2B	76.5B	80.4B
Total Liab	74.5B	97.1B	107.6B	109.1B	119.0B	125.0B
Short Long Term Debt Total	14.8B	25.1B	26.2B	27.2B	28.5B	29.9B
Other Current Liab	36.6B	47.0B	52.7B	51.0B	67.4B	70.8B
Total Current Liabilities	45.2B	56.8B	64.3B	69.3B	81.8B	85.9B
Property Plant And Equipment Net	84.6B	97.0B	110.6B	127.0B	148.4B	155.9B
Current Deferred Revenue	1.9B	2.5B	3.3B	3.9B	4.1B	4.3B
Net Debt	(3.7B)	(1.4B)	5.3B	5.3B	4.5B	4.7B
Retained Earnings	152.1B	163.4B	191.5B	195.6B	211.2B	221.8B
Accounts Payable	5.6B	5.6B	6.0B	5.1B	7.5B	7.9B
Cash	18.5B	26.5B	20.9B	21.9B	24.0B	13.9B
Non Current Assets Total	123.3B	145.3B	171.1B	200.5B	230.9B	242.4B
Non Currrent Assets Other	2.3B	4.0B	5.4B	6.6B	10.1B	10.6B
Cash And Short Term Investments	119.7B	136.7B	139.6B	113.8B	110.9B	65.9B
Net Receivables	27.5B	31.4B	40.3B	40.3B	48.0B	50.4B
Common Stock Total Equity	50.6B	58.5B	61.8B	68.2B	78.4B	82.3B
Short Term Investments	101.2B	110.2B	118.7B	91.9B	86.9B	52.1B
Non Current Liabilities Total	29.2B	40.2B	43.4B	39.8B	37.2B	39.1B
Other Current Assets	4.4B	5.5B	7.1B	8.1B	12.7B	13.3B
Property Plant And Equipment Gross	115.1B	138.7B	160.0B	186.1B	215.9B	226.7B
Total Current Assets	152.6B	174.3B	188.1B	164.8B	171.5B	180.1B
Accumulated Other Comprehensive Income	(1.2B)	633M	(1.6B)	(7.6B)	(4.4B)	(4.2B)
Short Term Debt	1.2B	1.7B	2.2B	2.5B	2.8B	2.6B
Intangible Assets	2.0B	1.4B	1.4B	2.1B	2.4B	2.2B
Common Stock	50.6B	58.5B	61.8B	68.2B	76.5B	80.4B
Property Plant Equipment	84.6B	97.0B	110.6B	127.0B	146.1B	153.4B
Good Will	20.6B	21.2B	23.0B	29.0B	29.2B	14.8B
Inventory	999M	728M	1.2B	2.7B	3.1B	3.2B
Other Liab	14.5B	15.2B	17.2B	12.6B	14.5B	13.6B
Net Tangible Assets	178.8B	199.9B	227.3B	225.1B	258.9B	174.2B
Long Term Debt	4.0B	13.9B	14.8B	12.9B	11.9B	8.2B
Long Term Investments	13.1B	20.7B	29.5B	30.5B	31.0B	17.7B
Retained Earnings Total Equity	152.1B	163.4B	191.5B	195.6B	224.9B	157.4B
Long Term Debt Total	4.6B	13.9B	14.8B	14.7B	16.9B	8.5B

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When determining whether Alphabet Class C is a strong investment it is important to analyze Alphabet's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alphabet's future performance. For an informed investment choice regarding Alphabet Stock, refer to the following important reports:

How To Invest In Alphabet

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Is Alphabet Stock a good investment?

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What is Alphabet's Net Worth?

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Largest Interactive Media & Services Companies

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Largest Internet Content & Information Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alphabet Inc Class C. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

You can also try the Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for Alphabet Stock analysis

When running Alphabet's price analysis, check to measure Alphabet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alphabet is operating at the current time. Most of Alphabet's value examination focuses on studying past and present price action to predict the probability of Alphabet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alphabet's price. Additionally, you may evaluate how the addition of Alphabet to your portfolios can decrease your overall portfolio volatility.

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Is Alphabet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alphabet. If investors know Alphabet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alphabet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.56

Earnings Share

5.8

Revenue Per Share

24.338

Quarterly Revenue Growth

0.135

Return On Assets

0.1437

The market value of Alphabet Class C is measured differently than its book value, which is the value of Alphabet that is recorded on the company's balance sheet. Investors also form their own opinion of Alphabet's value that differs from its market value or its book value, called intrinsic value, which is Alphabet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alphabet's market value can be influenced by many factors that don't directly affect Alphabet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Alphabet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alphabet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alphabet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Alphabet Total Assets vs Asset Turnover Analysis

Total Assets vs Asset Turnover

Total Assets vs Asset Turnover Correlation Analysis

Correlation Coefficient

Total Assets

Asset Turnover

Alphabet fundamental ratios Correlations

Alphabet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alphabet fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Alphabet Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Net	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Net Debt	- 0.23	Common Stock Shares Outstanding
Short Term Debt	- 0.2	Other Current Liab
Short Term Debt	- 0.1	Cash
Short Term Debt	- 0.1	Short Long Term Debt Total
Short Term Debt	- 0.06	Net Debt
Short Term Debt	- 0.04	Other Current Assets